Steel Mills
Nucor holds the line on published HR spot price
Written by Laura Miller
December 17, 2024
Nucor said on Monday its spot base price for hot-rolled (HR) sheet this week will again be $750 per short ton.
The company has kept its weekly HR coil consumer spot price (CSP) at that level since Nov. 12.
Likewise, the weekly spot base price for HR from California Steel Industries (CSI) is unchanged this week at $810/st, Nucor said. CSI is a joint venture of the Charlotte, N.C.-based steelmaker and JFE Steel.
Buyers reported HR coil spot prices ranging from $650-700/st in SMU’s Dec. 10 market check. Last week’s average of $675/st, FOB mill East of the Rockies, was down $5/st from the previous week.
You can track mill pricing announcements using the calendar on our website.
Laura Miller
Read more from Laura MillerLatest in Steel Mills
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.
Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.
USS shuffles some leadership roles after close of Nippon deal
USS shuffles leadership deck after deal closes with Nippon.
ArcelorMittal fires up steelmaking at Calvert mill
With the marking of the EAF’s first heat earlier this month, the mill has moved from a rerolling and finishing mill to a full steelmaking facility.